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Online Savings & Money Market Account Rates 2020

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Citibank Ultimate Money Market Account Now at 5% APY

Rate information contained on this page may have changed. Please find latest savings rates.

Citibank just raised the rate on their Citibank Ultimate Money Market Account to 5% APY. Business customers can also get the high rate.

altCitibank just raised the rate on their Citibank Ultimate Money Market Account to 5% APY. Business customers can also get the high rate. In order to get the rate, customer must:

  • Apply online or via the phone and link it to a Citibank EZ Checking, Citibank Account, Citibank Everything Counts or Citigold Account.  There are no fees or minimum balances to open an EZ Checking acount.
  • Must make at least two electronic bill payments, through Citibank� Online, Citi Mobile(SM) or Citiphone Banking, from your linked checking account during the calendar month preceding the statement cycle date.

Business customers interested in the Business Ultimate Money Market Account must maintain $50,000 or more and have a CitiBusiness Checking Account. In addition, the money cannot be transferred from an existing Citibank account.

Check to see how this compares to other high yield savings accounts with the BestCashCow Savings Rate Table.


BestCashCow Savings Rate Index - Sept 24, 2007

Rate information contained on this page may have changed. Please find latest savings rates.

We're pleased to announce the BestCashCow Savings Rate Index. The index, which is a composite of the top 10 rates on the BestCashCow Savings Rate Table, helps you track the direction of bank savings rates and compare them to previous periods. We'll be adding additional historical data shortly and updating it weekly.

Last week's Index: 5.52

This week's Index: 5.54

Rates in the Top 10 stayed fairly steady despite the steep rate cut.  The slight increase from 5.52 to 5.54 was due to the addition of Zions Bank to the index and not any increase in rates.  While several banks cut rates, no bank increased their rate during this timeframe.

It is noteworthy that while the Fed dropped rates by half a percent last week and individual banks have cut rates, overall savings rates have remained steady.  

To see all rates, please visit the BestCashCow Savings Rate Table.


CD and Savings Rates Poised to Drop Further

Rate information contained on this page may have changed. Please find latest savings rates.

Based on the decision minutes ago by the Fed to lower the discount rate by half a percent instead of the expected quarter of a percent, rates on short term CDs and savings accounts will most likely drop. The drop may start as early as tomorrow.

Based on the decision minutes ago by the Fed to lower the discount rate by half a percent instead of the expected quarter of a percent, rates on short term CDs and savings accounts will most likely drop. The drop may start as early as tomorrow.

With the Fed dicount rate now at 5.25%, banks have no incentive to lend money out above that rate. A quick glance at the BestCashCow CD Rate Table and BestCashCow Savings Rate Table shows that quite a few banks have CDs and Savings accounts in excess of 5.35% APY.

Consumers who want to be sure they receive these rates may want to lock-in quickly.